Hotels Metrics Mostly Positive

The hotel sector reported mostly positive metrics but decreased occupancy during the second quarter, STR and CBRE Hotels reported.

Commercial/Multifamily Briefs

Black Knight, Jacksonville, Fla., and Reonomy, New York, announced an agreement to incorporate Black Knight property record data into Reonomy’s commercial real estate platform.

Global CRE Investment Slowdown Eases

CBRE reported global commercial real estate investment reached $231 billion in the second quarter, up 17 percent from the previous quarter but down 7.5 percent from a year ago.

CREF Highlights

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

New York City, New Jersey Office Rents at Record Highs

Transwestern Commercial Services said office rents in the New York City and New Jersey markets reached record levels in the second quarter, with overall Manhattan rents topping $80 per square foot.